BREAKING: Supreme Court Insists On Hearing Naira Suit
The Supreme Court says it must hear the suit concerning naira policy on Wednesday, February 22. At Wednesday’s proceeding, counsel for Lagos State, Moyosore Onigbanjo prayed to the court to…
Dollar to Naira Exchange Rate: Black Market Traders Sell at N1570
The dollar to naira exchange rate at the black market, also known as the parallel market, stands at N1570 for selling and N1560 for buying, according to sources at Bureau…
US Dollar vs NIG Naira: The Real Issues
By Dr Oni Gbolabo Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically…
Money Bouquets Now Form Of Naira Abuse — CBN
The Central Bank of Nigeria (CBN) has listed money bouquets as a form of naira abuse. The apex bank made this known in a tweet on Friday. It was informing…
BREAKING: Again, S’Court Adjourns Naira Suit
The Supreme Court, for the second time, adjourned the naira redesign suit for judgement after the resumption of the hearing on Wednesday. The Supreme Court on Wednesday fixed 3 March…
Naira Depreciation Continues Despite CBN’s $148m Intervention
The Central Bank of Nigeria's (CBN) recent disbursement of $148 million to authorized dealers has failed to stem the tide of the naira's depreciation, with the currency trading at N1,593…
Naira Will Fall From N570/$1 to N400/$1 at Black Market if… – Moghalu
Kingsley Moghalu, a former presidential candidate has explained the value of the naira will fall from N570/$1 to N400/$1 at the parallel market if there is a massive rush of…
Naira Scarcity: Villagers Re-introduce Trade By Barter
Due to the scarcity of cash, Nigerians in remote communities have re-introduced the ancient barter trade. The development was initiated by villagers in Buhari and Damasak towns in Yusufari and…
BREAKING: Residents Protest Rejection of Old Naira Notes in Bayelsa
Protest has erupted in Yenagoa, Bayelsa State due to traders' refusal to accept the old N500 and N1000 old Naira notes from residents. Daily Report Nigeria gathered that the protest…
Naira Gains Against Dollar at Official Market, Loses at Black Market
The Nigerian currency, the Naira, has experienced a mixed performance against the US Dollar, gaining at the official market but losing at the black market. At the official market,…